Economy of the European Union

The 48 hours of the Lenders with the Greek Government – What happened

Negotiations between Institutions and Greece came to an end. In view of the 12th assessment of the Greek economy, which is under strict supervision, the European institutions and the Greek governement discussed every single issue, focusing mainly on the financial issues, the public debts to individuals, the auctions and the bankruptcy law.

The Eurogroup verdict

France protests limited UK licences granted to EU boats

Britain said on Sept. 28 it would grant 12 out of 47 applications for new licenses to small boats from the European Union to fish in its waters, provoking an angry response from France.

French fishermen have become increasingly angry over how Britain has controlled access for EU boats into its waters after it exited the bloc.

OECD: Global Recovey Prospects Are Unneven but Europe's Outlook Is Rising

The Organisation for Economic Co-operation and Development (OECD) issued a warning saying that the "uneven" global economic recovery provokes worse forecasts related to global economy. OECD lowered its 2021 growth forecasts for the world, including pessimistic expectations about US. Still the Organisation raised the outlook for Europe, EPA reported.

Annual inflation rate up to 5.3 in August

The annual inflation rate went up to 5.3 pct in August 2021, from 5 pct in July, given that non-food stuffs were more expensive by 7.92 pct, foodstuffs by 2.7 pct, and services by 2.97 pct, according to data published on Friday by the National Institute for Statistics (INS). According to the INS, consumer prices in August 2021 compared to July 2021 increased by 0.2 pct.

Farmers protest against CAP strategic plan

Gornja Radgona – Several organisations of farmers staged a protest on Wednesday against solutions contained in the draft national strategic plan for the implementation of the EU’s common agricultural policy, which involves a shift from direct payments to farmers towards the financing of rural development policy.